Corporate Tax – Page 5

March 30, 2020March 30, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, P.A.Y.E, UIF

Clarifying the interaction between the Employment Tax Incentive and Special Economic Zone provisions

In January 2020 Gazette 42951 related to the Tax Laws Amendment Act, 2019 (also know as TLAB 2019) was published. This gazette covers a number of amendments to the TLAB, […]

March 23, 2020March 23, 2020 Marc DerfoldyCorporate Tax, Income Tax Act, Labour Relations

PAYE, CCMA, Labour Court Awards and the Income Tax Act 58 of 1962

Employees and employers often reach a settlement agreement in the CCMA or Labour Courts as part of dispute resolution as defined in the Labour Relations Act. Companies and (ex) employees […]

March 12, 2020March 12, 2020 Marc DerfoldyBudgets, Corporate Tax, Non-profit organisation

Donations made to Public Benefit Organisations (PBOs)

One example is given below whereby money is donated to a PBO at a fundraising event. The relevant Act is the Income Tax Act 58 OF 1962 and Section 18A […]

March 2, 2020March 2, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Income Tax Act, Personal Income Tax, Tax Administration Act

Tax-based incentives offered by Government to businesses operating in South Africa(part2)

Covered in part 2 of Tax-based Incentives Industrial policy projectsSpecial Economic Zones (SEZs)Energy efficiency savings incentiveInternational shipping incentiveVenture capital companies Industrial policy projects In 2008, a ZAR 20 billion incentive […]

February 24, 2020February 24, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Income Tax Act

Tax-based incentives offered by Government to businesses operating in South Africa

Ever wondered what the list of tax-based incentives offered by Government to businesses operating in South Africa may be? Below is a list for your use. The inner workings of […]

January 20, 2020January 20, 2020 Marc DerfoldyCarbon Tax, Companies Act, Corporate Tax

The Carbon Tax Act

Updated info for the Carbon Tax Act Back in May 2019 the Carbon Tax Act Number 15 of 2019 was published in Gazette #42483 and took effect on 01 June […]

January 6, 2020January 6, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Uncategorized

Shareholder Liability For Tax Debts Of A Company

Section 181 of the Tax Administration Act Number 28 of 2011 is applicable in this instance. This section allows shareholders to be held jointly or individually liable for the tax […]

December 2, 2019December 2, 2019 Marc DerfoldyCompanies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Uncategorized

Double Tax

Double Tax Agreements What is a double tax agreement? A double tax agreement is one that allows the required tax to be paid to be offset in one of two […]

October 4, 2019October 4, 2019 fincorCorporate Tax, Income Tax Act

Corporate Income Tax Rates in South Africa

Facts for Corporate Income Tax are given below. Between 1 April 2019 and 31 March 2020 the tax rate applicable for corporate income of both resident and non-resident companies for […]

September 16, 2019September 16, 2019 fincorCapital Gains Tax, Carbon Tax, Companies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Non-profit organisation, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Tax Administration Act, Trusts, Value Added Tax

SARS’ Official Functions

Have you ever wondered what SARS’ official functions may be in terms of legislation? Collection of Income Tax is merely one aspect everyone is aware of. SARS is the only […]

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